Form 4: William Chase Receives 26,470 Restricted Stock Units from GRAIL, Inc.

Director William Chase was granted 26,470 restricted stock units (RSUs) from GRAIL, Inc. on June 25, 2024, which will vest in three annual installments starting June 21, 2025.

Summary

• William Chase, a director of GRAIL, Inc., received an award of 26,470 restricted stock units (RSUs) on June 25, 2024.
• The RSUs will vest in three substantially equal annual installments, beginning on June 21, 2025.
• The vesting is subject to full accelerated vesting upon a change in control of GRAIL, Inc.
• Each RSU represents the right to receive one share of common stock upon settlement.
• The RSUs will be settled in common stock upon vesting.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard equity compensation practices. It indicates alignment of interests between the director and shareholders.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment to the company's long-term success.
• The accelerated vesting upon a change in control provides additional incentive for the director.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Granting stock options and RSUs to directors is a common practice in the corporate world to align their interests with those of the shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Equity compensation for board members varies widely based on company size, industry, and performance.
• Companies like Illumina and Exact Sciences, which operate in similar fields, also utilize equity grants as part of their director compensation packages.
• The specific number of RSUs granted would need to be compared against industry benchmarks for director compensation to assess its relative value.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's interests with those of the shareholders.
• Employees: The RSU grant can contribute to a positive perception of leadership alignment within the company.

Key Dates